the ugly

Finweek English Edition - - IN BRIEF -

The eco­nomic cri­sis in Rus­sia may cost its Baltic neigh­bours Lithua­nia, Latvia and Es­to­nia more than $780m (R9.1bn) in lost ex­ports this year, ac­cord­ing to a re­port by Den­mark’s Danske Bank. Ex­ports are ex­pected to fall by as much as 25% this year. Growth is also ex­pected to slow sub­stan­tially, eras­ing $1.58bn (R18.4bn) in po­ten­tial eco­nomic ex­pan­sion this year, ac­cord­ing to Bloomberg cal­cu­la­tions.

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